🎉 On 17 January, the European Commission settled its first transaction via the new Eurosystem based EU Issuance Service (EIS).The launch of EIS will:💶 help sustain the best borrowing conditions for EU-issued securities⚖ create a level playing field for all Central Securities Depositaries and investors that trade EU-issued bonds🔄 offers direct settlement of EU Bills and Bonds in TARGET2-Securities (T2S) and facilitates the use of EU debt securities as collateral by counterparties with Central Banks.📈 The introduction of the EIS follows the launch of quoting arrangements on electronic trading platforms in late 2023 and marks the latest step in the development of the EU as one of the largest issuers of euro-denominated securities.